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Real Estate Legal Services

Imagine having an experienced team of professionals accompany you through the entire process of purchasing real estate in Mexico. You can rest assured that your interests as the buyer are protected at all times. Mexlaw has the experience and the competence to represent you through the entire process. Our professional team has the knowledge necessary to guide you through the intricacies and customs of the Mexican Real Estate market while providing you with a familiar format in concluding the transaction and insuring your title. Because we are Canadian and American certified lawyers, we can also provide you with fully insured Escrow Services.

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MEXLAW CAN ASSIST YOU WITH:

Title Search & Due Diligence

Escrow Services

Real Estate Closing Accompaniment

Co-Ownership (Condo) Agreements

Commercial and Residential Leases

Mortgage and Construction Liens

Construction Agreements

Beachfront Permits

Financing

Pre-Sale Contract Review

OUR PROCESS:

A personal briefing to explain the process and answer questions

Due diligence performed on the property

Verification of zoning and construction permits

Organization of services for closing

Referencing of all parties

Access to our legal department

Qualified, experienced and trustworthy professionals

Accompaniment at the Notary’s offices at closing

Title guaranty

FOREIGNER PURCHASING PRE-SALE IN MEXICO:

Pre-sale has become a very popular purchasing process as it offers benefits such as a reduced price, first choice of condo, and developers may include other incentives such as upgrades or furnishing packages depending on the stage of construction.

MEXLAW CAN ASSIST YOU WITH:

Title Search & Due Diligence

Escrow Services

Real Estate Closing Accompaniment

Co-Ownership (Condo) Agreements

Commercial and Residential Leases

Mortgage and Construction Liens

Construction Agreements

Beachfront Permits

Financing

OUR PROCESS:

A personal briefing to explain the process and answer questions

Due diligence performed on the property

Verification of zoning and construction permits

Organization of services for closing

Referencing of all parties

Access to our legal department

Qualified, experienced and trustworthy professionals

Accompaniment at the notary’s offices at closing

Title guaranty

STEPS TO TAKE WHEN YOU DECIDED TO PURCHASE PROPERTY

Once you have decided to purchase property in Mexico, we will suggest that you complete the following steps. You can contact one of our offices in order to arrange for an appointment to meet with a lawyer who will assist you with the documents required and with the process. There is no fee for this service.

CLOSING DOCUMENTS

Our in-house legal counsel will collect and verify all the documents necessary for the transaction. We will accompany, assist and review the Notary Public’s work before closing. Once all the documentation and title research is concluded the seller and the purchaser will execute a Deed of Sale by which title is transferred. This deed is referred to as an “Instrumento Público” which is the final document attesting to your acquisition of the rights relating to the property and which will be recorded at the Public Registry. At this point the remaining closing costs must be paid. This includes the real estate transfer tax, the personal property and value added tax, the final appraiser fees, the final notary closing fees, bank fees (if applicable), prorated taxes and assessments for the remaining portion of the calendar year, working capital (if necessary), and other costs which are identified for you on the Estimated Closing Costs which we will provide. These amounts will be confirmed to you before signing the Deed of Sale. All public documents must be prepared in Spanish, however we will providean English translation for your information. Please note that in case of any discrepancy only the Spanish version shall prevail. If you have any questions throughout the process you can contact our legal department.

POST-CLOSING

Once the deed of sale has been signed, MexLaw will verify that all the taxes, condo fees, and utility services are paid up to date. According to Mexican law, the buyer’s rights may be contested by a third party if the title has not been registered. Our lawyers will verify to ensure that the deed is recorded at the Public Registry.We also stand by our Title Guaranty by providing a certificate that the title is free and clear and cannot be contested. As the buyer, you should receive a copy of the title deed. Never assume the title has been transferred into your name without proof. You can rely on MexLaw to provide that proof.

GUARANTY OF TITLE

It is important for owners, investors and mortgage lenders to secure a “good title” in order to have peace of mind about the property acquisition and a valid title when the time comes to sell the property. Once the transaction is concluded, a Title Guaranty will be issued by MEXLAW after a comprehensive title search has been carried out on the property and a clear ownership of title has been established. We will guarantee to the buyer a free and clear title to the property and assume the responsibility to correct or remedy any defect.

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ESCROW SERVICES

When purchasing a property, an important consideration will be to determine under what conditions the transaction funds will be held and distributed. In most markets, attorneys or brokers will hold the transaction funds on behalf of the buyer. This is not recommended in Mexico, as neither Notaries, Mexican Lawyers nor real estate agents are certified by a government authority and legally cannot hold funds “In Trust”. MEXLAW offers fully insured Escrow Services by receiving the funds “In Trust” in a segregated special account held in a Canadian Bank. These funds are insured by our professional organization for an amount of $1,000,000 per transaction.

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You will only have to provide us with the required documents – leave the rest to us!

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The minimum information we need to register you is your name, email address and a password. We will ask you more questions for different services, including sales promotions. Unless we say otherwise, you have to answer all the registration questions. We may also ask some other, voluntary questions during registration for certain services (for example, professional networks) so we can gain a clearer understanding of who you are. This also allows us to personalise services for you. To assist us in our marketing, in addition to the data that you provide to us if you register, we may also obtain data from trusted third parties to help us understand what you might be interested in. This ‘profiling’ information is produced from a variety of sources, including publicly available data (such as the electoral roll) or from sources such as surveys and polls where you have given your permission for your data to be shared. You can choose not to have such data shared with the Guardian from these sources by logging into your account and changing the settings in the privacy section. After you have registered, and with your permission, we may send you emails we think may interest you. Newsletters may be personalised based on what you have been reading on theguardian.com. At any time you can decide not to receive these emails and will be able to ‘unsubscribe’. Logging in using social networking credentials If you log-in to our sites using a Facebook log-in, you are granting permission to Facebook to share your user details with us. This will include your name, email address, date of birth and location which will then be used to form a Guardian identity. You can also use your picture from Facebook as part of your profile. This will also allow us and Facebook to share your, networks, user ID and any other information you choose to share according to your Facebook account settings. If you remove the Guardian app from your Facebook settings, we will no longer have access to this information. If you log-in to our sites using a Google log-in, you grant permission to Google to share your user details with us. This will include your name, email address, date of birth, sex and location which we will then use to form a Guardian identity. You may use your picture from Google as part of your profile. This also allows us to share your networks, user ID and any other information you choose to share according to your Google account settings. If you remove the Guardian from your Google settings, we will no longer have access to this information. If you log-in to our sites using a twitter log-in, we receive your avatar (the small picture that appears next to your tweets) and twitter username.

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We are in compliance with the requirements of COPPA (Childrens Online Privacy Protection Act), we do not collect any information from anyone under 13 years of age. Our website, products and services are all directed to people who are at least 13 years old or older.

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We offer a ‘My details’ page (also known as Dashboard), where you can update your personal information at any time, and change your marketing preferences. You can get to this page from most pages on the site – simply click on the ‘My details’ link at the top of the screen when you are signed in.

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This online privacy policy applies only to information collected through our website and not to information collected offline.

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Changes to our Privacy Policy

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